Rockwell Collins, Inc. has a market cap of $8.31 billion; its shares were traded at around $59.33 with a P/E ratio of 14.4 and P/S ratio of 1.9. The dividend yield of Rockwell Collins, Inc. stocks is 2%. Rockwell Collins, Inc. had an annual average earning growth of 11.9% over the past 10 years.
Highlight of Business Operations:Total sales for the three months ended December 31, 2012 decreased $32 million compared to the three months ended December 31, 2011 due to a $37 million reduction in Government Systems sales, partially offset by a $5 million increase in Commercial Systems sales. See the following Government Systems and Commercial Systems Financial Results sections for further discussion of sales.
Total cost of sales for the three months ended December 31, 2012 decreased $24 million, or 3 percent, from the same period last year, primarily due to the $32 million reduction in sales volume and the $9 million reduction in company-funded R&D cost described below.
Net income for the three months ended December 31, 2012 increased 2 percent, or $2 million to $132 million from $130 million of net income for the three months ended December 31, 2011. Diluted earnings per share from continuing operations increased 9 percent to $0.94 for the three months ended December 31, 2012 compared to $0.86 for the three months ended December 31, 2011. The rate of increase in diluted earnings per share was greater than the percentage rate increase in net income because of the favorable impact from our share repurchase program.
Government Systems operating earnings were $107 million, or 19.6 percent of sales, for the three months ended December 31, 2012, compared to operating earnings of $117 million, or 20.1 percent of sales, for the same period one year ago. The $10 million decrease in Government Systems operating earnings was primarily due to the following:
cash receipts from customers increased by $26 million to $1,169 million during the first three months of 2013, compared to $1,143 million during the same period last year. The increase was primarily attributable to higher progress payments and cash advances received from customers, partially offset by the lower sales volume discussed in the Results of Operations section above
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